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and that is what vice president joe biden is trying to sell the liberals on right now. saying that this is not the threshold that he wanted. but it's something that least gives tax cuts to many americans were making much less than $250,000 per year. and if you don't do that, the taxes are going to go. gerri: all right, we are going to take a break right now. but we will break into programming the minute that anybody goes to the senate if we hear from the vice president. rich edson is covering all this for us on capitol hill. the fox business team is in place here on sixth avenue. two hours left from the fiscal cliff. the revelers are ready to party, and we are here for you all night. back to the programming totion e that injunction against the contraceptive mandate? >> it is a surprisingri, pringlehey lt be >> a christian-based company, and they think that that is part of their credo, and 10mandment l commandments, the golden rule. the living hearing purchase pilt will kill babies. we are not going to do it. but the circuit court, the appeals court said we are going to
and that is what vice president joe biden is trying to sell the liberals on right now. saying that this is not the threshold that he wanted. but it's something that least gives tax cuts to many americans were making much less than $250,000 per year. and if you don't do that, the taxes are going to go. gerri: all right, we are going to take a break right now. but we will break into programming the minute that anybody goes to the senate if we hear from the vice president. rich edson is covering...
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in attendance will be vice president joe biden. is it going to be difficult to sell your party on this deal? >> well, i think that we're going to come together in about an hour as a democratic caucus and hear the vice president out. there are a lot of good things in this bill that make sense and that i think it will ultimately earn the overwhelming majority of house democratic votes. we made sure that as we committed throughout this last campaign that we would not allow taxes to increase on 98% of americans that's in this deal. we made sure that we pushed off a really significant slashing of defense spending as well as domestic spending and we'll make sure going forward that whatever deal we do reach on those spending cuts is balanced when it comes to both revenue and spending cuts. and that's the overall -- overriding commitment here is we have a balanced plan in front of us and we'll need to -- any further deals made in the future continue to have a balanced plan. >> there are some in your party who don't like this plan. senator
in attendance will be vice president joe biden. is it going to be difficult to sell your party on this deal? >> well, i think that we're going to come together in about an hour as a democratic caucus and hear the vice president out. there are a lot of good things in this bill that make sense and that i think it will ultimately earn the overwhelming majority of house democratic votes. we made sure that as we committed throughout this last campaign that we would not allow taxes to increase...
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Jan 1, 2013
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for biden is coming. so, we're following every minute. the light is still on in congress and we're still here at "special report." the panel is coming up. ♪ i wish my patients could see what i see. ♪ that over time, having high cholesterol and any of these risk factors can put them at increased risk for plaque buildup inheir arteries. so it's even more important to lower their cholesterol, and that's why, when diet and exercise alonaren't enough, i prescribe crestor. in a clinical trial versus lipitor, crestor got more high-risk patients' bad cholesterol to a goal of under 100. [ female announcer ] crestor is not right for everyone. like people with liver disease or women who are nursing, pregnant or may become pregnant. tell your doctor about other medicines yore taking. ll your doctoright away if you have muscle pain or weakness, feel unusually tired, have loss of appetite, upper belly pain, dark urine or yellowing of skin or eyes. these could be signs of rare but serious side effects. ♪ is your cholesterol at goal? talk to youdoc
for biden is coming. so, we're following every minute. the light is still on in congress and we're still here at "special report." the panel is coming up. ♪ i wish my patients could see what i see. ♪ that over time, having high cholesterol and any of these risk factors can put them at increased risk for plaque buildup inheir arteries. so it's even more important to lower their cholesterol, and that's why, when diet and exercise alonaren't enough, i prescribe crestor. in a clinical...
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the house after the conclude their meeting which at this point is still happening with vice-president biden on capitol hill. fox business this year. we will go back to regular programming in be joining you back again once we get more news to bring you. . >> it is a virtuous cycle. almost as a global culture of giving among the top echelon. john: of "forbes" 400 list? >> exactly. we throw it against the wall to see if it sticks. john: you do something else? >> we give awards to social entrepreneurs. we focus on organizations working outside of government because we feel societe has more flexibility ban government contractors. charities used to be independent but now are contractors to the government. that is all you need the social impact bond to hold them accountable. john: i would rather use the money than government but government is captured. >> ben taxpayers want to know they get something for it to. cently these agencies have a good cause. that is different of kids not ing back to jail. john: mark zuckerberg maybe feeling guilty gave $100 million to the new work public-school system. i
the house after the conclude their meeting which at this point is still happening with vice-president biden on capitol hill. fox business this year. we will go back to regular programming in be joining you back again once we get more news to bring you. . >> it is a virtuous cycle. almost as a global culture of giving among the top echelon. john: of "forbes" 400 list? >> exactly. we throw it against the wall to see if it sticks. john: you do something else? >> we give...
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vice president biden, who was instrumental in brokering the deal, told reporters he's hopeful it can get through the house but you never know. >> you shouldn't predict how the senate will vote before they vote and number two, you surely shouldn't predict how the house is going to vote. >> reporter: it would extend tax cuts for all workers earning under $400,000 and raise taxes on people above that level and prevent a big tax hike in an estate valued at less than $5 million and extend unemployment benefits for 2 million people. the house will take it up later this morning, the hope is that chamber can pass it before the economy is rocked by the tax hikes. >> happy new year. i feel very, very good. >> reporter: president obama called the senate vote the right thing to do for the country and he encouraged the house to pass it right away. >> all right, abc's tahman bradley reporting from washington. thanks. have a very happy new year. we know you're going to be today, tahman. >> same to you. >>> let's talk about hillary clinton's health crisis. it has the secretary of state in the hospit
vice president biden, who was instrumental in brokering the deal, told reporters he's hopeful it can get through the house but you never know. >> you shouldn't predict how the senate will vote before they vote and number two, you surely shouldn't predict how the house is going to vote. >> reporter: it would extend tax cuts for all workers earning under $400,000 and raise taxes on people above that level and prevent a big tax hike in an estate valued at less than $5 million and...
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president obama and vice president joe biden. they are getting a pay raise. you heard me correctly. they just got a raise by executive order. the president is ending the pay freeze on federal workers, which includes congressional members. it was put in place three years ago. i don't know about you, listening to the folks that pushed us to the brink of the fiscal cliff. a little hard to take him at his neck? that's my "two cents more". that's it for tonight "willis report." thank you for joining us. don't forget to tape the show. if you can't testify. have a great night moments ago, president obama saying he still has hope. >> i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such anagreement as we speak. >> and as we speak, rich edson is live in washington with the very latest. >> well, it's up to the senate. staffers and a majority leader harry reid, minority leader mitch mcconnell are trying to negotiate a scaled-down debt deal to avoid some of the fiscal cliff and take other major decisions on t
president obama and vice president joe biden. they are getting a pay raise. you heard me correctly. they just got a raise by executive order. the president is ending the pay freeze on federal workers, which includes congressional members. it was put in place three years ago. i don't know about you, listening to the folks that pushed us to the brink of the fiscal cliff. a little hard to take him at his neck? that's my "two cents more". that's it for tonight "willis report."...
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Jan 1, 2013
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the vice president, joe biden, spent a lot of time with house democrats today. that was a very persuasive presentation, house democratic officials tell me. there are lots of votes on the democratic side. the question is can republicans provide enough on their side to get this deal done. the white house tonight is a bit hopeful. >> mason: major, is this an effort by vice president joe biden or is the president himself getting involved in making calls? >> the president is not making calls white house officials tell me-- for a practical reason. he doesn't have good relationship with house republicans and the white house decided it would do more harm than good. the vice president has an excellent relationship with the house democrats and the white house is basically letting house republicans work this out for themselves and they hope they will sometime later this evening. >> mason: we hope so, too, major garrett at the white house, thanks, major. the new year brought in new laws around the country. at midnight, maryland became the ninth state to allow marriage. in c
the vice president, joe biden, spent a lot of time with house democrats today. that was a very persuasive presentation, house democratic officials tell me. there are lots of votes on the democratic side. the question is can republicans provide enough on their side to get this deal done. the white house tonight is a bit hopeful. >> mason: major, is this an effort by vice president joe biden or is the president himself getting involved in making calls? >> the president is not making...
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this was a deal that was worked out by vice president biden and senate leaders. the house speaker hasn't said that the house will definitely vote in favor of it today, but democrats at least are saying they expect almost all of their members to vote yes. terrell? >> nancy cordes on capitol hill, nancy, thank you so much. >>> secretary of state hillary clinton spent new year's eve in the hospital being treated for a blood clot in her skull. margaret brennan is outside new york-presbyterian hospital. good morning to you. >> reporter: good morning, terrell. secretary clinton is still being treated for that blood clot that formed in her head after a concussion. doctors discovered it during an mri on sunday. according to a statement released by the state department, there is a clot in the vein that is situated in the space between the brain and the skull behind the right ear. it did not result in a stroke or neurological damage. clinton's doctors say they need to see how she responds to medication including blood thinners before they release her, but they do expect a
this was a deal that was worked out by vice president biden and senate leaders. the house speaker hasn't said that the house will definitely vote in favor of it today, but democrats at least are saying they expect almost all of their members to vote yes. terrell? >> nancy cordes on capitol hill, nancy, thank you so much. >>> secretary of state hillary clinton spent new year's eve in the hospital being treated for a blood clot in her skull. margaret brennan is outside new...
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Dec 27, 2012
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he got on the debate stage with joe biden and i think biden definitely got the better of him. i think even republicans who maybe didn't see biden wiping the floor with him quite the way that i did, felt a little dispoupted. they have little respect for joe biden's intellect, they thought paul ryan would come in and wipe the floor with him. that definitely didn't happen. interestingly, paul ryan has been largely absent. i mean, really, almost completely absent and silent during the fiscal cliff negotiations. so what do you think we're going to see out of him in 2013? >> certainly he's not where he wanted to be, which is working out of the white house, but, you know, i think he has been -- you're right he hasn't been maybe very vocal in terms of making press statements but he's somebody speaker john boehner looked it, when you're in the capitol, he's in huddles with other lawmakers and they definitely still respect. the idea that his reputation and brand was hurt rubbinning as a e president, i think a lot of the blame at the end of the day will be put on mitt romney. if you talk
he got on the debate stage with joe biden and i think biden definitely got the better of him. i think even republicans who maybe didn't see biden wiping the floor with him quite the way that i did, felt a little dispoupted. they have little respect for joe biden's intellect, they thought paul ryan would come in and wipe the floor with him. that definitely didn't happen. interestingly, paul ryan has been largely absent. i mean, really, almost completely absent and silent during the fiscal cliff...
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Dec 31, 2012
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talks are continuing this evening between the vice president joe biden and mitch mcconnell. they were making some sense of progress there. this is after two stop soldiers, mitch mcconnell and harry reid failed to make much progress through tonight and this morning. harry reid went home earlier this yeeng and biden and mcconnell were taking point on the negotiations. they worked out a deal couple years ago for unemployment insurance that cut the social security tax. they 6 worked together before and they have succeeded reaching a deal before and folks on capitol hill they can do so again. >> less than 26 hours from what everyone calls a fiscal cliff. it would be comprehensive big package we hear them talk about, the big compromise that speaker boen and the president had worked out a year and a half ago? >> if you want what is known a as the grand bargain you would likely get in two steps. a small down payment, a tax rate increase and some of the spending measures and some of the other tax measures and perhaps instructions for the next six to eight months to congress to work o
talks are continuing this evening between the vice president joe biden and mitch mcconnell. they were making some sense of progress there. this is after two stop soldiers, mitch mcconnell and harry reid failed to make much progress through tonight and this morning. harry reid went home earlier this yeeng and biden and mcconnell were taking point on the negotiations. they worked out a deal couple years ago for unemployment insurance that cut the social security tax. they 6 worked together before...
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so he reached out to vice president biden. biden engaged. and what looked like a stalemate yesterday really has begun to move forward overnight, the two on the phone late into the evening until midnight i am told working out the details of a compromise. their staffers on the phone into the early morning hours. folks here at the white house up quite late as well. so it looks like some type of compromise is starting to form that would include increasing taxes on those making $450,000 or less. remember president obama wanted that threshold at 250,000. house speaker john boehner wanted it much higher at about a million dollars. this is somewhere in between. also, an extension of the unemployment insurance benefits. they're still hashing out some of the final details but it does appear as though the vice president was key in helping these negotiations to move forward. >> the negotiations go on there, kristen, we are watching the senate floor as they discuss the very details of that and debate it. keith, to you on this. political pointing out, bid
so he reached out to vice president biden. biden engaged. and what looked like a stalemate yesterday really has begun to move forward overnight, the two on the phone late into the evening until midnight i am told working out the details of a compromise. their staffers on the phone into the early morning hours. folks here at the white house up quite late as well. so it looks like some type of compromise is starting to form that would include increasing taxes on those making $450,000 or less....
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vice president joe biden who has been trying to influence senate democrats, many of them skeptical to support this deal he is negotiate with senate minority leader mitch mcconnell. they want this to be much lower rate is placed on the deal for individuals, $430,000 for married couples. what we're hearing now is the drafting is ongoing, national budget office is taking a look k at this to see exactly how much it is going to cost but as it is known with the impact of the deficit going to be, senator joe lieberman said a short while ago they will try to vote on this thing at some point this evening as we get closer, adam, less than an hour to go in the year 2012 there is no way this clears the senate and the house before the end of the new year. if the senate passes this tonight or sometime in the early morning hours the house will hol begin considering it tomorrow. there's no real outlook so far as to whether or not this is actually going to pass the house, too early to tell. they are basically saying the senate goes first and then the house. adam: have the senator from ohio saying he w
vice president joe biden who has been trying to influence senate democrats, many of them skeptical to support this deal he is negotiate with senate minority leader mitch mcconnell. they want this to be much lower rate is placed on the deal for individuals, $430,000 for married couples. what we're hearing now is the drafting is ongoing, national budget office is taking a look k at this to see exactly how much it is going to cost but as it is known with the impact of the deficit going to be,...
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Jan 1, 2013
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last word we got came from vice president joe biden. just minutes ago. here is the vice president. >> i feel very good about how is vote is going to go. having been in the senate, there are two things you shouldn't do. you shouldn't predict how the senate is going vote before they vote. you won't make a lot of money. two, you shouldn't predict how the house is going to vote. >> house will not vote on this fiscal cliff bill until tomorrow. we've heard from the house leadership that this bill will not be voted on there until voted n in the senate. not until house leadership has had time to review the bill. tax on high income earners, it will produce $620 billion in revenue. unemployment eninsurance, $30 billion from one year, not going to be paid for with other costs. there are no spending cuts in this bill that. is going to happen -- have to be taken up at a later date. so big question mark whether or not the house, republican led house is going to go for that. back to you. >> a vote at 3:00 or 4:00 in the morning >> correct. in the morning. >> yes. >> i'
last word we got came from vice president joe biden. just minutes ago. here is the vice president. >> i feel very good about how is vote is going to go. having been in the senate, there are two things you shouldn't do. you shouldn't predict how the senate is going vote before they vote. you won't make a lot of money. two, you shouldn't predict how the house is going to vote. >> house will not vote on this fiscal cliff bill until tomorrow. we've heard from the house leadership that...
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. >> reporter: with that, vice president biden is now impemers as a key player, playing a direct role in the effort to strike a last-minute deal. the key sticking points remain the same. the white house wants taxes to go up on those making over $250,000 a year. republicans want a higher information threshold. they want to keep the estate tax from going up. there's no agreement on what to do about the automatic spending cuts set to go into effect on january 2nd. both sides have said the cost of failure is extremely high. >> if we're not able to reach an agreement, it will be dire. probably at least another million jobs lost, an unemployment rate over 9% and putting us back into recession. >> reporter: vice president biden and republican leader mcconnell had several conversations deep into the night. the conversations were good, said a spokes person for mcconnell. time is almost out. >> the cutoff is tomorrow. we hear in your piece about the dire consequences. most americans might not feel the effects immediately, right? >> reporter: not right away, but was thing will be felt in their v
. >> reporter: with that, vice president biden is now impemers as a key player, playing a direct role in the effort to strike a last-minute deal. the key sticking points remain the same. the white house wants taxes to go up on those making over $250,000 a year. republicans want a higher information threshold. they want to keep the estate tax from going up. there's no agreement on what to do about the automatic spending cuts set to go into effect on january 2nd. both sides have said the...
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biden has brokered 11th-hour deals with the republican leader in the past. mcconnell's appeal came just hours after the president appeared on "meet the press" and called out republican leaders by name. >> congress has not been able to get this stuff done, not because democrats in congress don't want to go ahead and cooperate, but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit as part of an overall deficit reduction package. >> nbc's capitol hill correspondent kelly o'donnell is live on capitol hill. kelly o., i'm looking at the clock, we are now 14 hours and 58 minutes from going over the fiscal cliff. let's outline -- >> reporter: but who's counting, right, chris? >> yeah, who's counting? let's go over for people, what remains unresolved? it seems like two weeks ago they were pretty well set on the basic parameters of this thing, so let's talk about what's left to deal on? >> reporter: well, there are some significant differences, but
biden has brokered 11th-hour deals with the republican leader in the past. mcconnell's appeal came just hours after the president appeared on "meet the press" and called out republican leaders by name. >> congress has not been able to get this stuff done, not because democrats in congress don't want to go ahead and cooperate, but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans...
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Dec 31, 2012
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>> everybody has packed up and gone home except for joe biden and mitch mcconnell, they are having multiple conversations and these folks are running point on negotiations, harry reid who was negotiating has left the capital. so those negotiations have died throughout the remainder of today or earlier today. you have the vice president and senate minority leader. the last time they finished the deal the tax deal we got a couple years ago that extended tax rates, cut the social security tax by a couple points. all of that ongoing right now and that is really the last hope we have to get something done before the fiscal cliff. >> does the minority leader and the senate, do they concur with the house of representatives. because it's eventually going to have to go through the house? >> absolutely. they would remaining in contact. just to make sure that the house would be agreeable to whatever the senate minority leader put out. democrats would have to be apprised of that as well but any agreement is probably going to need democrats in the house of representatives. the house is also working on a
>> everybody has packed up and gone home except for joe biden and mitch mcconnell, they are having multiple conversations and these folks are running point on negotiations, harry reid who was negotiating has left the capital. so those negotiations have died throughout the remainder of today or earlier today. you have the vice president and senate minority leader. the last time they finished the deal the tax deal we got a couple years ago that extended tax rates, cut the social security...
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now, that's why they've brought in vice president biden, mitch mcconnell, the senate republican leader, to try to close this thing. and they may close a deal, but there's no guarantee that even any deal they come to an agreement with tonight will actually make it tomorrow. >> and chuck, this congress has, you were telling us, the lowest approval rating ever, the least productive. in terms of bills past. what happens when the next congress comes in later this week? >> reporter: well, the bad news is, if you view this as bad news, more of the same. because even if they get this temporary deal on taxes, temporarily buy down the automatic spending cuts, what they have set up is a series of mini fiscal cliffs, if you will, kate. so every three to six weeks, over the next six months, we could be going through nights like this where we're up against the clock and congress has to act and the president -- they have to figure out how to compromise or watch automatic headaches kick in. >> chuck todd is going -- it's going to be a long night. thanks for being with us on wall street today, this fin
now, that's why they've brought in vice president biden, mitch mcconnell, the senate republican leader, to try to close this thing. and they may close a deal, but there's no guarantee that even any deal they come to an agreement with tonight will actually make it tomorrow. >> and chuck, this congress has, you were telling us, the lowest approval rating ever, the least productive. in terms of bills past. what happens when the next congress comes in later this week? >> reporter: well,...
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reporter: grfrt -- frustrated with the impasse, republican mcconnell said he called vice president biden, urging him to get involved. >> i'm concerned about the lack urgency here. i want everyone to know i'm willing to get this done, but i need a dance partner. >> reporter: after a roller coaster of a weekend, the bottom line is, there is still no deal. although the white house says the president remains modestly optimistic and harry reid said they would work through the night. but of course time is almost out. >> jon karl in washington, thank you. there is late word tonight secretary of state hillary clinton has been admitted to a new york hospital. doctors have found a blood clot she sustained after the fall. she's being watched closely for the next 48 hours before deciding to take action. >> the president meanwhile making headlines with tough talk about gun control in his second term in the wake of the shootings in newtown, connecticut. you'll remember the president tearing up as he addressed the nation on the day of the shooting. today the president recalled that day. >> this is some
reporter: grfrt -- frustrated with the impasse, republican mcconnell said he called vice president biden, urging him to get involved. >> i'm concerned about the lack urgency here. i want everyone to know i'm willing to get this done, but i need a dance partner. >> reporter: after a roller coaster of a weekend, the bottom line is, there is still no deal. although the white house says the president remains modestly optimistic and harry reid said they would work through the night. but...
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vice president joe biden is now directly involved in the 11th-hour negotiations. but, there's no deal if sight. and that means taxes could go up for just about everyone american as soon as tomorrow. >>> a tense takeoff for passengers aboard a flight from kansas city to denver. a piece of an engine covering fell off. a passenger snapped this photo. the united flight circled the airport there in kansas city for 20 minutes before making an emergency landing. >>> and indianapolis colts head coach chuck pagano is back. in the saddle. enjoying a triumphant return. pagano was on the sidelines on sunday for the first time since fighting his leukemia. it went into complete remission. the 52-year-old returned after a three-month absence to tears and cheers of joy, and a win for his comeback colts who are now in the playoffs. >>> and, finally, a good holiday weekend for hollywood. "the hobbit" was once again the number one draw at the box office. as it has been for all three weeks since it was released. and that james bond film, "skyfall," passed the $1 billion mark globally
vice president joe biden is now directly involved in the 11th-hour negotiations. but, there's no deal if sight. and that means taxes could go up for just about everyone american as soon as tomorrow. >>> a tense takeoff for passengers aboard a flight from kansas city to denver. a piece of an engine covering fell off. a passenger snapped this photo. the united flight circled the airport there in kansas city for 20 minutes before making an emergency landing. >>> and indianapolis...
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Dec 30, 2012
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for example, on the on the other side, ryan debate against biden, he dance today the questions and never once did he turn to the audience hearing shear more media bias. the audience would have loved it independents would have agree that the media are biased against republicans. >> jon: all those debates, did they illuminate the process the presidential campaign? >> i think they did. first of all they were catnip for reporters. there were thousands of reporters. it was amazing that anything else got covered. when you have that many debates. you got to see these candidates and it was wide range of candidates, really demonstrating a capability or lack of capability on complex issuess. the voters made up their minds. you saw one media promoted figure fall after they couldn't stand the scrutiny that came upon a front-runner. >> jon: obama campaign made clear attempts of trying to demonize mitt romney. they settled on him as eventual challenger. media, as well. there was a newsweek cover poking fun at mitt romney's mormonism for example. >> media is a target rich environment. they are trying d
for example, on the on the other side, ryan debate against biden, he dance today the questions and never once did he turn to the audience hearing shear more media bias. the audience would have loved it independents would have agree that the media are biased against republicans. >> jon: all those debates, did they illuminate the process the presidential campaign? >> i think they did. first of all they were catnip for reporters. there were thousands of reporters. it was amazing that...
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right now his representative, joe biden, was in the senate for a very long time, is trying to forge a deal with mitch mcconnell. they've had a successful partnership in the past, and harry reid, the majority leader, seems to go along with that. so maybe the outlines of a deal can be between those two principals. then again, we have john boehner, speaker of the house, has to control his own republican party. what happens if mcconnell and biden create a minimal deal and boehner can't sell it, then we're back to square one, which is failure. >> right. which boehner couldn't do with his plan b a couple of days ago. >> that's right. >> the question is, if some deal should be reached, i'm not expecting something that's overreaching, something large, is it short-term? >> very short-term. and then i'm sorry to be the dispenser of bad news, we have the whole fiscal cliff again with the fiscal reputation in terms of the borrowing maximum, the ceiling, which will come due in about a month where they have to raise the debt ceiling. you remember the president said, i'm not going to play that game
right now his representative, joe biden, was in the senate for a very long time, is trying to forge a deal with mitch mcconnell. they've had a successful partnership in the past, and harry reid, the majority leader, seems to go along with that. so maybe the outlines of a deal can be between those two principals. then again, we have john boehner, speaker of the house, has to control his own republican party. what happens if mcconnell and biden create a minimal deal and boehner can't sell it,...
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Jan 1, 2013
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we're expecting vice president joe biden may come up here at some point. senate democrats are telling us they expect that to be the case. there is some evidence of heart burn on the left some democrats who don't love the tax figure where it is set. they were hoping raising taxes on those making $250,000 and couples making more than 2506789 it looks like 450. but a retiring senate republican says it's a compromise. it's probably a fair deal. it's not something any of us would say i love it, i don't love it. but i think it is a good job of negotiating where there are some wins and some laws. >> so bottom line, there is still work ahead here in the senate tonight. if it were to pass at some point later tonight, then the house would take it up tomorrow, trace. >> trace: mike, got to be a number of lawmakers fed up with the whole process. >> that's absolutely right. we heard a number of lawmakers saying it's december 31st, we could have worked this out long ago. here is one house democrats complain speaker, the american people are looking at congress with disda
we're expecting vice president joe biden may come up here at some point. senate democrats are telling us they expect that to be the case. there is some evidence of heart burn on the left some democrats who don't love the tax figure where it is set. they were hoping raising taxes on those making $250,000 and couples making more than 2506789 it looks like 450. but a retiring senate republican says it's a compromise. it's probably a fair deal. it's not something any of us would say i love it, i...
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because there are a number of senate democrats have issue with the framework between vice president joe biden, the senator himself and senate minority leader mitch mcconnell. the framework of that, the tax portion is a done deal exempting income of $400,000 for individuals, $450,000 for married couples, families from a tax increase. it also puts the capital gains tax keeping it consistent to me to those rates for income above that capital gains tax goes to 20%. presley patches the minimum tax ensuring live we as americans dt have to pay the estate tax goes to 40% on all mounts of $5 million a one-year extension of long-term unemployment benefits as part of this. also what is known as the medicare doctors getting a pay cut every so often, congress goes back and fills it in, this involves that as well. >> is a vic the vice president g to do strong-arming or some dealmaking promises or is he just trying to rally the troops? >> a little bit of all three. the only part that appears to be outstanding at this point is the automatic spending cuts. $94 billion known as the sequester kicking in in 2013
because there are a number of senate democrats have issue with the framework between vice president joe biden, the senator himself and senate minority leader mitch mcconnell. the framework of that, the tax portion is a done deal exempting income of $400,000 for individuals, $450,000 for married couples, families from a tax increase. it also puts the capital gains tax keeping it consistent to me to those rates for income above that capital gains tax goes to 20%. presley patches the minimum tax...
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Dec 27, 2012
12/12
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>> trace, very interesting comments from vice president joe biden up here for an unrelated matter about the fiscal cliff today. he says, essentially he was asked what do you think will pass? he said if you tell me what would attract republican support, i can tell you what would pass. if asked if he was optimistic, he said he was neither optimistic or pessimistic but was going back to talk to the president. the senate majority leader sounded frustrated with house republican leadership. >> american people i don't think understand the house of representatives is operating out the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house representatives to get what they want. >> reporter: as you mentioned, trace, the speaker's spokesman said afterward, reid should focus on legislating. he was scheduled for a news conference this afternoon, but that's been scrubbed. >> what about the republican side? any movement there? >> the breaking news of the moment is the house republican leadership is calling members back for sunday e
>> trace, very interesting comments from vice president joe biden up here for an unrelated matter about the fiscal cliff today. he says, essentially he was asked what do you think will pass? he said if you tell me what would attract republican support, i can tell you what would pass. if asked if he was optimistic, he said he was neither optimistic or pessimistic but was going back to talk to the president. the senate majority leader sounded frustrated with house republican leadership....
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Dec 27, 2012
12/12
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lee munson and jared bernstein, cnbc contributor and former chief economist under vice president joe biden. we'll hopefully get andrew in a second, and we also have rick santelli who joins us as always at this time. gentlemen, fantastic to have you with us. lee, on this news it seems as if the market is getting its hopes up. personally i feel i will believe it when i see it. would you agree? >> yeah. you should wait until this is actually the ink is dried. here's one thing that's really changed in sentiment over the last week, mandy. last week everybody was talking about having this deal baked into the bryce price. now all of a sudden, as if some miracles happened, traders are actually talking about buying more puts and putting on more hedges. i can tell investors out there that it doesn't matter if december 31st we have a deal or if it goes a few weeks in january. all we need to know sunday night, monday morning is that they are working on a deal, and they are still at table. outside of that everything is just noise. >> jared, you know washington very, very well. we've been trying to read
lee munson and jared bernstein, cnbc contributor and former chief economist under vice president joe biden. we'll hopefully get andrew in a second, and we also have rick santelli who joins us as always at this time. gentlemen, fantastic to have you with us. lee, on this news it seems as if the market is getting its hopes up. personally i feel i will believe it when i see it. would you agree? >> yeah. you should wait until this is actually the ink is dried. here's one thing that's really...
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Dec 26, 2012
12/12
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in today's "closing bell" exchange, former chief economist of the vice president joe biden, oliver perch from gary goldberg and matt cheslock and rick santelli, thank you very much. jarred, you wrote an article called "cliff dive, what the heck happens next?" what does happen next? >> well, that's actually all up to john boehner, as i see it, because if we were to decide to bring the president's most recent small car compromise to the house i actually believe it would pass. the problem for him it would probably pass with mostly democrat vote, but i think it could get through the senate. that's the only scenario i see by which we avoid going over the cliff. >> wait a minute. >> at least temporarily. >> wait a minute, jared. john boehner said it's up to the president and harry reid so are both sides standing at the precipice waiting for each other to make the next move. >> not really. it really is all up to john boehner to decide whether he wants to bring this vote to the house floor. if he doesn't, i would put on either your cliff bungee cord or your cliff parachute and that's actually an
in today's "closing bell" exchange, former chief economist of the vice president joe biden, oliver perch from gary goldberg and matt cheslock and rick santelli, thank you very much. jarred, you wrote an article called "cliff dive, what the heck happens next?" what does happen next? >> well, that's actually all up to john boehner, as i see it, because if we were to decide to bring the president's most recent small car compromise to the house i actually believe it would...
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Dec 29, 2012
12/12
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president obama and vice president joe biden. they are getting a pay raise you heard me correctly. they just got a raise by executive order. the president is ending the pay freeze on federal workers, which includes congressional members. it was put in place three years ago. i don't know about you, listening to the folks that pushed us to the brink of the fiscal cliff. a little hard to take him at his neck? that's my "two cents more". that's it for tonight "willis report." thank you for joining us. don't forget to tape the show. if you can't testify. have a great night speak you can even come everybody. a state department report leaves more questions than answers on why the united states failed to act on the diplomatic mission in libya on the 11th of september. the lack of security at the benghazi compound, senator jim frisch that the obama administration fell short in more than one respect and had more than enough time talk about when it began. here's a recent senate foreign relation hearing with twos top state officials. >> i look at those people streaming through the front gate i
president obama and vice president joe biden. they are getting a pay raise you heard me correctly. they just got a raise by executive order. the president is ending the pay freeze on federal workers, which includes congressional members. it was put in place three years ago. i don't know about you, listening to the folks that pushed us to the brink of the fiscal cliff. a little hard to take him at his neck? that's my "two cents more". that's it for tonight "willis report."...
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Dec 31, 2012
12/12
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at least closer to some kind of agreement as vice president biden and mitch mcconnell have been speaking for the last several hours, maybe 12, 24 hours or so. at least those two gentlemen seem to be moving the ball forward or the mark set anticipating that. what can we -- the president comes out and makes a positive comment, okay, that we either have a deal in principle. there are still a lot of variables to take into consideration. >> yes. >> the house is the wild card. >> house is the wild card in the whole thing. >> do you do anything to set yourself up for the other side? >> no. >> that's what people will be thinking as they watch this network. >> my strategy remains, stay with the quality companies. use the dips to buy them. don't try and hit bottoms but don't buy an expectation af nounsments. you know it is not a very, very broad agreement. i think the mark goes up. i don't think there is a big sell-off. but i think is rest. >> bk, are you looking at the same moving goal that i am? a move of a one and a third percent? and that's a spike. and i'm curious to know why this is happenin
at least closer to some kind of agreement as vice president biden and mitch mcconnell have been speaking for the last several hours, maybe 12, 24 hours or so. at least those two gentlemen seem to be moving the ball forward or the mark set anticipating that. what can we -- the president comes out and makes a positive comment, okay, that we either have a deal in principle. there are still a lot of variables to take into consideration. >> yes. >> the house is the wild card. >>...
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Dec 30, 2012
12/12
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never received a response to a republican offer last night and is reaching out to vice president joe biden to kickstart negotiations with the white house at this point. the senator saying fail to go solved the crisis is simply not an option. >> the consequences of this are too high for american people to be engaged in a political messaging campaign. there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. i want everyone to know i'm willing to get this done. but i need a dance partner. >> a dance partner. meanwhile democrats being led by senate majority leader harry reid who says he's cautiously optimistic about reaching a deal but warns there's not much more negotiating that can be done on his end. >> i don't have a counter offer to make. perhaps the day wears on, i will ble to. i will say that i think that the republican leader has shown good faith. it's just we're apart on pretty big issues. >> that was earlier. let's get the latest now because it's changing minute-by-minute.
never received a response to a republican offer last night and is reaching out to vice president joe biden to kickstart negotiations with the white house at this point. the senator saying fail to go solved the crisis is simply not an option. >> the consequences of this are too high for american people to be engaged in a political messaging campaign. there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the...
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Dec 28, 2012
12/12
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i should also mention that joe biden, the vice president, will be in there. of course, he led some of the early talks and they were all about trying to avoid this problem a year or more ago. those got nowhere. the talks over the summer got nowhere and so far the talks that are going on now have gotten nowhere as well, michelle. >> eamon, the last two things that you talked about, the doc fix for medicare, you don't cut what you pay doctors for medicare. >> that's right. >> turning off the sequester, they're talking about spending more money. no talk anywhere in his plan about any kind of spending cuts. >> yeah. remember, i'm laying out sort of a potential plan that the president could offer. you're right about those two items. also take a look at what's not on there. what the president didn't mention on friday of last week is the debt ceiling. now we have treasury secretary tim geithner reminding the country and the world that the united states is going to start to run up against the debt ceiling now on monday so that might have to be part of this ultimate de
i should also mention that joe biden, the vice president, will be in there. of course, he led some of the early talks and they were all about trying to avoid this problem a year or more ago. those got nowhere. the talks over the summer got nowhere and so far the talks that are going on now have gotten nowhere as well, michelle. >> eamon, the last two things that you talked about, the doc fix for medicare, you don't cut what you pay doctors for medicare. >> that's right. >>...
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Dec 29, 2012
12/12
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struggling and suffering and generational theft is going on what did we see obama is ordering pay raises for biden and members of congress and federal workers and nobody is talking about our healthcare taxes going up, billy cunningham. how in good conscience do they do this at this time? >> sean hannity, the people are taking this in the shorts now are going to be the butchers, the bakers, the candlestickmakers and carpenters and elec electricia. we haven't talked about the huge tax increases on average americans. take billions and ship it off to a black hole in washington and call it a victory. boehner will be elected speaker. the republicans won't be primary #-d. the media will declare obama the winner and the only person getting hurt is the middle class that allegedly obama supports which is a bunch of baloney. that s go is going to happen. >> i will throw this to joe trippi. the people that will really be hurt are the children and grand children that we are stealing from. we are robbing these kids blind. we are taking their inheritance away. and i have a question for you, for joe trippi. why i
struggling and suffering and generational theft is going on what did we see obama is ordering pay raises for biden and members of congress and federal workers and nobody is talking about our healthcare taxes going up, billy cunningham. how in good conscience do they do this at this time? >> sean hannity, the people are taking this in the shorts now are going to be the butchers, the bakers, the candlestickmakers and carpenters and elec electricia. we haven't talked about the huge tax...
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Dec 31, 2012
12/12
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i don't think joe biden could laugh at them into. and while we have some sidebar sections, one my favorite is a comparison and contrast between the world's three leading architects of the day, frank lloyd wright and tony gaudi, and walter, who it into my nature, god and man, in that order. or robert perry during race for the north pole. the bulk of this book is dedicated to those political forces that reshaped this entry. as one who gravitates towards the great man theory in most of my history, i was almost at a loss for words last week at a book signing event when a questioner asked me who's the most important person in your book? dawned on me, this really isn't a book about most important people. it's a book about great ideas, and terrible ideas, ideas that in the course of the century were tested in the most climactic of ways, war. but the most important of the ideas that we discuss is something many writers and intellectuals provided lipservice to, american exceptionalism, but which no one has really defined. we are kind of surpr
i don't think joe biden could laugh at them into. and while we have some sidebar sections, one my favorite is a comparison and contrast between the world's three leading architects of the day, frank lloyd wright and tony gaudi, and walter, who it into my nature, god and man, in that order. or robert perry during race for the north pole. the bulk of this book is dedicated to those political forces that reshaped this entry. as one who gravitates towards the great man theory in most of my history,...
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Dec 31, 2012
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vice president joe biden will see his pay jump from $225,000 to nearly $232,000 a year. house speaker john boehner will see his salary increase to more than $224,000. and senate majority leader harry reid will take home an annual pay of $194,000 after his raise. so those guys are getting a raise. and if you are counting on a tax refund in the next few weeks, the fiscal cliff could force you to wait just a little bit longer than usual. >>> checking our top stories. the nation is now 14 hours away from the fiscal cliff. sources tell us vice president joe biden and senate minority leader mitch mcconnell talked through the night and vow to keep these negotiations going on today. the gridlock in washington could also hold up your tax refund. you might have to wait until late march to file if congress does not approve a short-term fix for the alternative minimum tax in the next few days. same issue two years ago delayed the opening of tax season by four weeks to mid-february. >>> former president george h.w. bush is still in a houston hospital but no longer in intensive care.
vice president joe biden will see his pay jump from $225,000 to nearly $232,000 a year. house speaker john boehner will see his salary increase to more than $224,000. and senate majority leader harry reid will take home an annual pay of $194,000 after his raise. so those guys are getting a raise. and if you are counting on a tax refund in the next few weeks, the fiscal cliff could force you to wait just a little bit longer than usual. >>> checking our top stories. the nation is now 14...
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Dec 31, 2012
12/12
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biden is important. if there's anybody with a personal relationship in the white house -- if you can fault the white house for one big thing, it's the lack of developing a personal relationship with mitch mcconnell, between the president and him. there is one between joe biden and him. >> chuck todd, thanks. >> you got it. >>> let's get to the morning's other top stories. andrea canning is in for natalie at the news desk. good morning. >> good morning. and happy almost new year's to you. and happy new year's to you at home. authorities are hoping to speak with a seriously injured bus driver. at least nine people were killed and 26 injured. the bus was returning to canada after a trip to las vegas. >>> the woman charged with pushing a stranger to his death in front of a new york city subway train thursday reportedly has an issue of mental health issues and three previous arrest s. erica men endez targeted a 36-year-old native of india because she blamed, quote, muslims, egyptians and hichlt n duchlt s for
biden is important. if there's anybody with a personal relationship in the white house -- if you can fault the white house for one big thing, it's the lack of developing a personal relationship with mitch mcconnell, between the president and him. there is one between joe biden and him. >> chuck todd, thanks. >> you got it. >>> let's get to the morning's other top stories. andrea canning is in for natalie at the news desk. good morning. >> good morning. and happy...
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Dec 28, 2012
12/12
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i'm being told right now that secretary tim geithner has also joined the meeting and vice president biden is also there as well. we have a whole committee gathering at the white house. >> heavyweights. >> these are the most actively traded stocks at the new york stock exchange right now. stay with us. back in a minute. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much
i'm being told right now that secretary tim geithner has also joined the meeting and vice president biden is also there as well. we have a whole committee gathering at the white house. >> heavyweights. >> these are the most actively traded stocks at the new york stock exchange right now. stay with us. back in a minute. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when...
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Jan 1, 2013
01/13
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vice president biden was extremely helpful. if they had done plan b, the chain cpi, if the republicans supported their speaker the gop would be in a better position and have something on the spending side, they didn't. hopefully some lessons have been learned and we have the beginnings of a governing cowigs we so desperately need. >> we'll see that play out today, john boehner's leadership will be in tight focus. >> it will be. >> thank you for being here. >> thanks for having me. >> sheila brought up a name we haven't talked about, vice president joe biden instrumental and the smile on his face as he was walking around capitol hill, he's like i am in the middle of this, i'm in both feet, happy man. >> because last week the sniping between harry reid and mitch mcconnell was pretty dramatic and many points downright unhelpful, and to somehow see joe biden go in there and i don't know what he did. look at that smile. i don't want fairy dust he's sprinkled all over the place but it helped. >> every minute he's spent in the senate
vice president biden was extremely helpful. if they had done plan b, the chain cpi, if the republicans supported their speaker the gop would be in a better position and have something on the spending side, they didn't. hopefully some lessons have been learned and we have the beginnings of a governing cowigs we so desperately need. >> we'll see that play out today, john boehner's leadership will be in tight focus. >> it will be. >> thank you for being here. >> thanks for...
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Dec 31, 2012
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it's also a signal to their fellow democrat in the white house, namely vice president joe biden. that's just an example of how intricate, delicate and strange these negotiations are right now as we just get down to the wire. >> yeah. they are rather strange. do we think there's any movement on the president's part? you've been reporting the fact you've got the -- the number was originally 250,000, anybody making more than that would get a tax hike. now that's at potentially $450,000. there's some movement on the white house's part as well? >> reporter: it seems to be. as you said, we reported earlier today that democrats had put on the table, i believe, as early as saturday night the idea of moving that income threshold up to $450,000 a year. that is, we understand, still on the table. that's for households. jessica yellen at the white house is reporting that the number for individuals right now is $400,000, meaning tax cuts for everybody up to those levels, $400,000 for an individual, $450,000 for a household would stay in place. for everybody else, the tax rates would expire. t
it's also a signal to their fellow democrat in the white house, namely vice president joe biden. that's just an example of how intricate, delicate and strange these negotiations are right now as we just get down to the wire. >> yeah. they are rather strange. do we think there's any movement on the president's part? you've been reporting the fact you've got the -- the number was originally 250,000, anybody making more than that would get a tax hike. now that's at potentially $450,000....
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Dec 29, 2012
12/12
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be a novelist for a second and tell us what happened on friday when president obama, vice president biden, senators reid and mcconnell and representatives boehner and pelosi were in the white house. clearly we all know what's going on. what happened? how did that play out? how did that discussion go? did president obama say either you come up with a deal or put my deal to a vote? because we're not going to come together ideologically at that meeting. >> no. and they're not unrealistic about that. the president lays out what he thinks he can get done, which is this 250 and, you know, whether there's wiggle room up to 400 and now that might not even happen, maybe, is what kevin is saying. and then unemployment benefits, an extension of that, and, you know, patch the amt. these are things he wants. and, you know, senator mcconnell, what can you do is, you know, the understanding of how this plays out. and senator mcconnell -- you know, they say, listen, we're going to take it up between us. let senators reid and mcconnell really resolve this together. and those are, as i said, two men who kn
be a novelist for a second and tell us what happened on friday when president obama, vice president biden, senators reid and mcconnell and representatives boehner and pelosi were in the white house. clearly we all know what's going on. what happened? how did that play out? how did that discussion go? did president obama say either you come up with a deal or put my deal to a vote? because we're not going to come together ideologically at that meeting. >> no. and they're not unrealistic...
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Dec 26, 2012
12/12
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>> ah -- biden. >> you voted for biden today? >> yes. >> was there a lot of people at the polling place? >> yes, there was. >> big line? >> it was quite a few. >> have you voted yet in today's vice presidential election? >> i haven't. >> are you aware of the election? >> i am aware, yes. >> as you know, today is the vice presidential election. have you voted today? >> yes. >> was it crowded at the polling place? >> yes, sir. it was. >> did they give you a sticker? >> yes. >> where is your sticker, you're not wearing it? >> in my car. >> okay. we have another one for you. [ applause ] >> jimmy: what's going on? we have a good show tonight. hayden panettiere is here. we have music from mgk. and we'll be right back with john goodman, so stick around. the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their buddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can a
>> ah -- biden. >> you voted for biden today? >> yes. >> was there a lot of people at the polling place? >> yes, there was. >> big line? >> it was quite a few. >> have you voted yet in today's vice presidential election? >> i haven't. >> are you aware of the election? >> i am aware, yes. >> as you know, today is the vice presidential election. have you voted today? >> yes. >> was it crowded at the polling place?...
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Dec 31, 2012
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and joe biden as noted in the introduction, has been in the senate for three decades. he has a unique ability to work with mitch mcconnell, his longtime colleague to try to close this deal. that doesn't mean they can do it, but it's a sign that things are getting close to the end zone if those two were talking all night. the report i got early this morning at 6:00 a.m. is that their talks had been good, constructive and continued very late into the night. >> thank you, john, for that. john harwood in washington. lawmakers, as john say, continue talks this morning as we inch closer to the cliff itself. what role is the no-tax pledge playing in the negotiations. founder of americans for tax reform joins us this morning not too far from where john is sitting. grover, good morning. >> good morning. good to be with you. >> you've been quoted as saying that rates will not increase. that kind of flies in the face with what john just told us. what's true? >> well, two things. earlier, my point was that as long as these negotiations were conducted with c-span cameras there, and
and joe biden as noted in the introduction, has been in the senate for three decades. he has a unique ability to work with mitch mcconnell, his longtime colleague to try to close this deal. that doesn't mean they can do it, but it's a sign that things are getting close to the end zone if those two were talking all night. the report i got early this morning at 6:00 a.m. is that their talks had been good, constructive and continued very late into the night. >> thank you, john, for that....
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Jan 1, 2013
01/13
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. >> reporter: vice president joe biden in a visit to the capitol monday night maybing the pact he negotiated with senate minority leader mitch mcconnell. prior to the vote, the vice president said he felt confident about the deal but stayed away from making any predicts. >> having been in the senate as long as i have, there are two things you shouldn't do. you shouldn't predict how the senate is going to vote before they vote. you won't make a lot of money. and number two, you surely shouldn't predict how the how is going to vote. i feel very, very good. >> reporter: if passed by the house, the deal would stop most tax increases and spending cuts aimed at the pentagon and domestic programs that were set to take effect today. >> i've said all along our most important priority was to protect the middle class families. this legislation does that. middle class families will wake up today to the assurance that their taxes won't go up. >> reporter: democratic senator tom harkin suggested the selection missed the mark. >> it does not address the number one priority, creating good middle class jobs
. >> reporter: vice president joe biden in a visit to the capitol monday night maybing the pact he negotiated with senate minority leader mitch mcconnell. prior to the vote, the vice president said he felt confident about the deal but stayed away from making any predicts. >> having been in the senate as long as i have, there are two things you shouldn't do. you shouldn't predict how the senate is going to vote before they vote. you won't make a lot of money. and number two, you...
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. >> chris: you are saying, joe biden, who in four years would be in his -- i think 73 or something, and the oldest first-term president in our country, you think he is serious about running. >> 73 in the u.s. senate, is a youth member, and that is where the vice president's roots are and yes, i think he'll make a decision sometime later, put to keep his options open, he'll be courting donors and activists in ohio and new hampshire and elsewhere. >> i think the implementation of obamacare will be the political story of 2013. the rise in cost in premiums, dislocations on the job, more people put into part-time status. controversy over the start of the exchanges, with republican governors refusing to do it in their states. and, the loss of employer-based health coverage. for a lot of people, you have to remember, president obama campaigned by saying, if you like your coverage now, you can keep it. that will be put to the test, this year. >> chris: kirsten? >> i think that based on what happened in the last election, the republicans finally realized, for political reasons, they will hav
. >> chris: you are saying, joe biden, who in four years would be in his -- i think 73 or something, and the oldest first-term president in our country, you think he is serious about running. >> 73 in the u.s. senate, is a youth member, and that is where the vice president's roots are and yes, i think he'll make a decision sometime later, put to keep his options open, he'll be courting donors and activists in ohio and new hampshire and elsewhere. >> i think the implementation...